The official estimates of national income and related aggregates were developed to meet the requirements for planning and policy purposes.
Soon after Independence, the Government of India set up a High Powered Expert Committee in 1949 known as 'National Income Committee' under the Chairmanship of Prof. P.C. Mahalanobis .
In accordance with the methodology and the pattern of presentation recommended by the National Income Committee, the first official estimates of national income were prepared by the Central Statistical Organisation (CSO) with base year 1948-49.
These estimates at constant (1948-49) prices along with the corresponding estimates at current prices and the accounts of the Public Authorities were published in the publication, 'Estimates of National Income' in 1956.
National Accounts Statistics have mostly been revised decennially changing the base to a year synchronizing with the year of decennial Population Census => primarily because in the base year estimates, the information on work force has played an important role and workforce estimates were obtained from the Population Census.
1993-94 instead of 1990-91 => it was observed that the data on worker participation rate (WPR), captured by the National Sample Survey Organisation (NSSO) was better than the one estimated through the Population Census. Accordingly, the CSO used the workforce estimates based on National Sample Survey (NSS) workforce participation rates from the NSS 1993-94 (50th Round) survey results, and revised the base year of national accounts to 1993-94.
In continuation with this practice, the new series of national accounts released on 31st January, 2006 adopted 1999-2000 as the base year, as it has used the data on WPR from the NSS 55th round Quinquennial survey on Employment and Unemployment, conducted in 1999-2000. In the new series, the WPR data has been used in conjunction with population data of the Population Census, 2001.
The three major components influencing the present revision exercise include
revision of base year to a more recent year (for meaningful analysis of the structural changes in the economy),
complete review of the existing data base and methodology employed in the estimation of various macro-economic aggregates including choice of the alternative databases on individual subjects and
to the extent feasible, implementing the recommendations of the System of National Accounts (1993 SNA) prepared under the auspices of the Inter Secretariat Working Group on National Accounts comprising of the European Communities (EUROSTAT), International Monetary Fund (IMF), Organisation for Economic Cooperation and Development (OECD), United Nations and World Bank.
Thus, the new series has been introduced by the CSO after a comprehensive review of both the databases and the methodology employed in the estimation of various macro-economic aggregates
Territory lying within the political frontiers, including territorial waters of the country
Ships & aircrafts operated by residents of te country between 2 countries
Fishing vessels, oils & natural gas rig, floating platforms operated by residents of the country in international waters or engaged in extraction in area in which the country has exclusive rights of exploitation.
Embassies, consulates & military establishments of the country located abroad.
6.9 7.7 8.9 9.6 8.6 9.3 8.7 9.4 2001-02 5.3 6 7.2 7.9 7.6 8 7.7 8 2000-01 Growth rates (%) 23222 23241 2531223 2535627 2549139 2553334 2843897 2830465 2004-05 21142 20989 2268576 2252070 2286826 2266148 2543396 2519785 2003-04 18988 19040 2003282 2008770 2019972 2021936 2255574 2254888 2002-03 17883 17823 1856217 1848229 1876285 1863795 2097446 2081474 2001-02 16729 16555 1704719 1686995 1727452 1705104 1930184 1902999 2000-01 15886 15625 1590212 1564048 1605643 1579479 1792292 1761838 1999-00 New Series 1993-94 Series New Series 1993-94 Series New Series 1993-94 Series New Series 1993-94 Series Per capita income (Rs.) NNP at factor cost (Rs. Crore) NDP at factor cost (Rs. Crore) GDP at factor cost (Rs. Crore) Year (Rs. crore) (at current prices) 1999-2000 to 2004-2005 Estimates of GDP, NDP, NNP and Per Capita Income
18517 11799 1986858 1266005 2004703 1274074 2226041 1430548 2003-04 16910 10754 1755281 1115171 1775952 1125480 1978056 1267945 2001-02 16223 10308 1653088 1050338 1675633 1062492 1870388 1198592 2000-01 15886 10071 1590212 1008114 1605643 1019296 1792292 1148367 1999-00 New Series 1993-94 Series New Series 1993-94 Series New Series 1993-94 Series New Series 1993-94 Series Per Capita Income (Rs.) NNP at factor cost (Rs. Crore) NDP at factor cost (Rs. Crore) GDP at factor cost (Rs. Crore) Year (Rs. crore) (old series at 1993-94 prices and new series at 1999-2000 prices) (at constant prices) 1999-2000 to 2004-2005 Estimates of GDP, NDP, NNP and Per Capita Income
Stocks of raw materials, work-in-progress and finished products (inventories) held by enterprises and households
Stocks of strategic materials, food grains and other commodities of special importance to the nation, in the possession of the government.
Livestock raised for slaughter by enterprises.
Find out the Gross Value Added at Market Price:
A sells intermediate goods worth Rs.400 to B. B sells the manufactured goods worth Rs.400 to C and worth Rs.200 to D. C sells his goods to D for Rs.500. D sells the final goods to the consumer household for Rs.850.